Chemicals company BASF India has sold its leather chemicals business to Stahl India Private Limited for Rs. 197.63 crores (USD 30.35 million) through a slump sale, as reported by Livemint and Business Standard.

SC serves notice on state, centre to probe cow vigilantism: “A number of PILs were filed by political leaders and activists in High Courts across the states and in Supreme Court demanding strong action against the cow vigilantes. One such PIL was filed by Congress leader Tehseen S Poonawalla in Supreme Court in August this year.”– Indian Express

Clifford Chance to test applicants with video game: Details not disclosed, but “… the game tests the tenacity and perseverance of potential trainees, as well as how they respond under pressure… The video game is expected to be rolled out to trainee candidates next year if the trial is a success. It will run alongside the firm’s existing psychometric tests.” – Lawyer2b (requires free registration to read in full)

Sahara tells SC it will deposit Rs 200 cr: “The hearing has been advanced on the request of the Sahara Group after its senior counsel Kapil Sibal made a mention on Thursday before the bench of Justice Anil R. Dave and Justice A.M. Khanwilkar… Seeking that the hearing be advanced from October 24 to October 21, Mr Sibal told the court that Rs. 200 crore that the Sahara Group was to deposit by October 23 would be deposited on Friday.” – NDTV

Could the CCI throw a spanner into the plans of Flipkart, Amazon, Ola, Uber and MakeMyTrip? – “The point is not that webcompanies have engaged in unfair practices. On the contrary, in the race for acquiring customers, they have slashed prices to an extent that consumers have never had it so good. Still, the digital business as a whole and some Internet companies have become big enough and important enough to warrant the CCI’s attention. Particularly, if there are more M&As, as is likely. ‘The argument that online business is still nascent and can therefore be ignored may not hold water in every sector. It’s growing very fast and many sectors are touched by it. So, at some point, the CCI may soon look at Internet businesses closely,’ said Avimukt Dar, partner, IndusLaw, a law firm.” – Mint

How lax IP laws fuel an open source-ish part of the Shenzhen economic miracle #MakeInChina: “The shanzhai era in consumer electronics gradually faded as incomes rose and brand-name smartphones became more affordable. But it enforced a culture of knowledge-sharing among manufacturers, wherein no single product design is sacred. Lindtner compares the culture of Shenzhen’s manufacturing ecosystem to the open-source movement among software developers. Much like how programmers will freely share code for others to improve upon, Shenzhen manufacturers now see hardware and product design as something that can be borrowed freely and altered. Success in business comes down to speed and execution, not necessarily originality.” – Quartz

How a court case and circumstances conspired to help MakeMyTrip and Ibibo find each other: “Then, as luck would have it, the service tax case in early January brought Kalra, his team and Ibibo’s co-founder Kashyap together. The two were fighting for the same cause, and against the Director General of Central Excise Intelligence that had forced the online travel firms to pay service tax that it claimed they owed, on risk of arrest. (Indeed, one MakeMyTrip executive was arrested).” - Mint

The IPO of 12,853,442 Rs 2 equity shares for cash at a price of INR 1,050 per Equity Share, through an offer for sale by the selling shareholders, aggregating to Rs 13,46.62 crore, according to CAM’s press release.

The generic drugs maker had filed its prospectus for the IPO with SEBI in August, reported Business Standard.

The original version of this story overstated the size of the IPO. We regret the error.

Former Clifford Chance foreign legal consultant Pranav Mago is now heading the Singapore International Arbitration Centre (SIAC) South Asia. Mago took over the role on 17 August from Scheherazade Dubash.